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The folly of EU structural funds illustrated

A couple of rather disturbing examples of why the EU's structural funds so badly and desperately need reform. The list seemingly never runs dry.First, the Sunday Telegraph had a feature on Madeira’s economy, claiming that grants from the EU structural funds – which require match funding from local governments or business – have contributed to the local Madeiran administration now owing over €6 billion, nearly double the per capita public debt of mainland Portugal.
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Guest Post: Why Reforms Won't Work

Business & Finance : Zero Hedge (2 years ago)

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Regardless of the need for reform, it isn't going to happen for these structural reasons. The list of public/private institutions that desperately need structural reform is long: t... Read Post

The closest Cameron has to got to setting out an EU "shopping list" yet have noticed

News / International Affairs : Open Europe (9 months ago)

What do David Cameron's seven EU reform commitments mean? Writing in the Sunday Telegraph, David Cameron set out seven objectives - or eight if you read between the lines - for a Conservative EU???? reform agenda ahead of that poten... Read Post

Cyprus mulls early EU structural funds

Business & Finance : Business Report (2 years ago)

Cyprus is considering putting EU structural funds to earlier use to help its stricken economy. ||| Dublin - Cyprus is considering putting EU structural funds to earlier use to help its stricken economy but is not asking for a bigger... Read Post


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